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Hotel And Tourism Association Commends Budget Certainty

The Fiji Hotel and Tourism Association has congratulated Government for its first budget under the newly-elected Government. Association chief executive, Michael Wong, said they welcome the Budget as an extension
23 Nov 2014 11:11
Hotel And Tourism Association Commends Budget Certainty
Fiji Hotel and Tourism Association President, Dixon Seeto, leaves the Parliament in a good mood happy with the 2015 National Budget. Photo: RAMA

The Fiji Hotel and Tourism Association has congratulated Government for its first budget under the newly-elected Government.

Association chief executive, Michael Wong, said they welcome the Budget as an extension of current Government policy to advance business climate and development of Social Equity.

“We note that Government is providing a stable business environment that provides certainty that contributes to business confidence,” he said.

“This reflects Governments intentions to turn its promises into deeds.”

Mr Wong said the Minister of Finance acknowledged the important role of tourism to the national economy.

“We welcome the continued unprecedented Marketing Grant of $23.5 million for Tourism Fiji since 2009,” he said.

“The association had anticipated an increased marketing grant given the increased target of 700,000 tourists for next year.”

Government has also allocated $12 million for the Fiji International Golf Tournament.

Mr Wong said: “This investment will create a greater awareness of Fiji and assist Tourism Fiji in our brand marketing by putting Fiji on the golfing map.”

“Government’s unprecedented Capital Grants for infrastructure development bodes well for the benefit of all Fijians and businesses.”

Integrated tourism development

Fiji Hotel and Tourism Association President, Dixon Seeto, said with the allocation: “We just need to move smarter and efficiently to use the money in the most effective manner to achieve our target of bringing more tourists to Fiji.”

He also noted and commended the changes in the 11th Schedule saying it will assist in the development of integrated tourism developments.

“The expansion of the Short Life Investment Package (SLIP) to include new apartments will also assist in the development of the industry and adds to our Inventory,” he said.

“The SLIP incentive is particularly attractive to retirees and former Fiji residents with dual nationality to purchase an apartment for holiday/investment purposes.”

The association further welcomed investment in education and other social measures. The association also welcomed the changes to the Capital Gains Tax legislation where love and affection transfers will be exempt.

Feedback:  rachnal@fijisun.com.fj

 




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